What is a Hire Purchase?

Hire purchase is a way to finance buying a car. In most cases you pay an initial deposit and pay off the value of the car in regular instalments, with the loan secured against the car. This means you don’t own the vehicle until the last payment is made.

Key Benefits

Flexible Repayment

Flexible repayment terms to help fit in with your budget.

Fixed Interest Rates

Fixed interest rates so you know exactly what you're paying every month for the length of the term.

Low Deposit

Relatively low deposit is often required for hire purchase.

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Contact us regarding Hire Finance

For more information on hire purchase, or to get a quote, please contact Daytona Finance.

Tel: 0330 223 5561 / WhatsApp: 07494 547911
Email: funding@daytonafinance.com

Other Services

Lease Purchase

Lease purchase is a flexible form of purchase agreement. The initial deposit and repayment periods can be stru...
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Personal Contract Purchase

Similar to a Lease Purchase agreement but with additional flexibility since part of the cost is deferred until...
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Equity Release

The equity release process involves arranging finance to release a proportion of the equity tied up in your ve...
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Refinance

If your circumstances have changed and you need to change your payments, or your Lease purchase or PCP deal is...
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